American Vanadium Corp. has entered into a Letter of Intent (LOI) to acquire DMG MORI’s wholly owned subsidiary, GILDEMEISTER energy storage (GES), manufacturer of the CellCube vanadium flow energy storage system. The LOI provides American Vanadium with the exclusive right to enter into a share purchase agreement (SPA) on or before February 29, 2016. “With…
Moxa’s remote data-acquisition devices now available with Wi-Fi
Moxa has announced a new data-acquisition solution that brings greater versatility for the Industrial Internet of Things (IIoT). The new ioLogik 2542-WL1 and ioLogik 2512-WL1 feature 802.11a/b/g Wi-Fi connectivity, which will serve the growing number of devices and M2M applications that require wireless communication. The ioLogik 2542-WL1 supports analog I/O connections over Wi-Fi, whereas the…
Lufft joins global network of companies focused on environmental monitoring
Following regulatory clearance, Lufft will become a part of Hach Environmental, a group of companies, including Ott Hydromet, Sutron Corporation, and Sea-Bird Scientific. The network of companies serves customers with high-quality instruments focused on environmental-monitoring solutions. The addition of Lufft to the group is expected to provide core technologies in a wide range of meteorological, precipitation,…
Vestas acquires U.S. independent service provider UpWind Solutions
Vestas has acquired UpWind Solutions and its subsidiaries, a leading independent service provider in North America. With about 310 employees, UpWind Solutions currently services wind-power plants in nine U.S. states with a total capacity of more than 3 GW. The wind-power plants under UpWind’s service represent a diverse customer base and include turbines from a…
AIMCo acquires stake in TransAlta Renewables
Alberta Investment Management Corporation (AIMCo) has acquired an 8% stake in TransAlta Renewables for CAD $200 million. The acquisition means AIMCo is now the second largest shareholder in TransAlta Renewables. The transaction is expected to close on November 26, 2015. AIMCo’s investment in TransAlta Renewables provides its clients an opportunity to participate in an attractive, internationally…
ILSCO acquires Surge Suppression, Inc.
ILSCO, a leading manufacturer of electrical connectors and grounding products, recently announce the purchase of Surge Suppression Incorporated (SSI), a pre-eminent supplier of surge protection devices (SPDs). This acquisition positions ILSCO to provide more complete solutions to customers’ electrical needs. With roots dating back to 1982, SSI has forged a position in the top tier…
DONG Energy acquires project rights to one of the largest global offshore wind developments
DONG Energy has acquired the Hornsea zone, and the project rights to Hornsea Project Two and Three, which have the potential of three gigawatts (GW) of offshore wind capacity. This follows DONG Energy’s acquisition of Hornsea Project One, a 1,200-MW offshore wind project in the Round 3 (announced in February 2015). The Hornsea zone projects form one of the…
Pattern Energy completes acquisition of two wind-power facilities totaling 351 MW
Pattern Energy Group has closed the previously announced acquisition of two operational wind power facilities totaling 351 megawatts (MW) from Wind Capital Group (WCG) and its affiliates for a final purchase price of $242 million plus assumed net debt of $102 million. The acquisition includes ownership interests in the 201-MW Post Rock Wind facility in…
ZF takes over Bosch Rexroth’s wind turbine gearbox business
ZF Friedrichshafen will take over Bosch Rexroth’s gearbox business, providing an entry into the industrial gear market and strengthening ZF’s position in the gearbox industry. The agreement was signed on May 13, 2015, but is still subject to the approval of the antitrust authorities. “Strengthening our non-automotive segment is an important objective of our long-term…
Centerbridge completes acquisition of wind turbine manufacturer Senvion
The wind turbine manufacturer Senvion SE, previously part of the Indian group Suzlon Energy Limited, has changed owners. Centerbridge Partners, through its Centerbridge Capital Partners private equity investing strategy, has successfully completed the acquisition of Hamburg-based Senvion. All the necessary administrative, legal and financial preparations for the transfer of ownership are now completed. The relevant…
U.K. firm acquires gearbox manufacturer
Industrial engineering group Clyde Blowers has agreed to acquire the wind gear manufacturer Moventas Wind Ltd and the industrial gear manufacturer Moventas Santasalo Ltd. Following the acquisition of the Moventas companies, Clyde Blowers, with its existing David Brown Gear Systems, will be one of the largest gear manufacturing groups in the world. Clyde Blowers,…